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Korean Job Discussion Forums
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t bear
Joined: 24 Aug 2003
Location: south central rok
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 Posted: Fri Nov 14, 2003 2:11 am Post subject: geting taxed |
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| Im paying 5% income tax, is this the standard rate at a Hagwon? I looked at EFL law but it was a little vague. Im a NZ non tax resident. What does everyone else pay? |
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waterbaby
Joined: 01 Feb 2003
Location: Baking Gord a Cheescake pie
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| Posted: Fri Nov 14, 2003 2:23 am Post subject: |
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The tax rate varies depending on your income. Its usually around 3%.
Did you see the Income Taxation Scale?
Monthly Salary / Tax
1,600,000 - 1,610,000 ... 20,940
1,700,000 - 1,710,000 ... 25,480
1,800,000 - 1,810,000 ... 30,550
1,840,000 - 1,850,000 ... 32,410
1,900,000 - 1,910,000 ... 35,510
1,950,000 - 1,960,000 ... 37,990
2,000,000 - 2,010,000 ... 40,670
2,100,000 - 2,110,000 ... 45,710
2,200,000 - 2,210,000 ... 55,260 |
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rapier
Joined: 16 Feb 2003
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| Posted: Fri Nov 14, 2003 3:04 am Post subject: |
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| I'm paying tax for the first time now, previous jobs were always cash in hand. Excuse my ignorance, but can I claim it all back later? The korean govt., health service, etc hasn't done a lot for me, i'd like my money back please...... |
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Homer
Guest
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| Posted: Fri Nov 14, 2003 10:27 am Post subject: |
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No refunds Rapier..sorry...  |
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bucheon bum
Joined: 16 Jan 2003
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| Posted: Fri Nov 14, 2003 12:44 pm Post subject: |
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| waterbaby wrote: |
The tax rate varies depending on your income. Its usually around 3%.
Did you see the Income Taxation Scale?
Monthly Salary / Tax
1,600,000 - 1,610,000 ... 20,940
1,700,000 - 1,710,000 ... 25,480
1,800,000 - 1,810,000 ... 30,550
1,840,000 - 1,850,000 ... 32,410
1,900,000 - 1,910,000 ... 35,510
1,950,000 - 1,960,000 ... 37,990
2,000,000 - 2,010,000 ... 40,670
2,100,000 - 2,110,000 ... 45,710
2,200,000 - 2,210,000 ... 55,260 |
I was taxed 18,000 a month and according to the above chart, should have been 35,510. Nice to know I had a clueless boss. |
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rapier
Joined: 16 Feb 2003
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| Posted: Fri Nov 14, 2003 8:48 pm Post subject: |
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| Annoying to know that by paying tax I am helping to fund certain things that i strongly dissaprove of- like the govt reclamation plan at Saemangeum- a totally wasteful, thoughtless, and unnecesary degradation of the environment.. Oh well... |
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